PFIZER trade ideas
PFIZER-BUY strategyThe medium-term picture looks reasonable, and we have good DC support $ 4,330 area. The stochastic is positive, and there is plenty of room on upside.
Startegy is BUY current $ 4,500-4,550 and place stop-loss below $ 4,320 for now. The profit objective think maybe 4,995 for now, or $ 5,100 even.
PFIZER - BUY strategyPfizer decline may be overdone, and we are below the regression channel support. If we view the RSI lows in the past (see red arrow), and you compare this to current, it might be a buy opportunity.
DARK MOON phase also indicates we may see a move upwards once again.
Buy current with stop-loss 5% of share price, and take profit when a profit objective of 10% is reached.
PFIZER ::: PFIZER :::DATE: 01 SEP 2021
INSTRUMENT: PFIZER
TREND: BUY
TIME FRAME: DAY
CMP: 5838.95
BUY ABOVE: 5928
STOP LOSS: 5863
TGT 01: 5928
TGT 02: 6097
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
PFIZER price action analysisNSE:PFIZER is in a ttm squeeze with increasing momentum which indicates it could give a big move anytime soon. All the EMAs are stacked up and volume has been increasing from past 3 days. So it's looking pretty bullish right now. It's getting some selling pressure at resistance but we need to see sept 6th candle to get confirmation on whether it's going to breakout or get rejected.